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China Reins in Lending for Stock Trading

China tightened limits Friday on lending to finance stock purchases in its latest step to wind down emergency measures aimed at stopping a market plunge. The maximum size of such "margin lending" will be cut by half to the equivalent of the amount of cash an investor puts up to buy stocks, down from the previous level of double that amount, the China Securities Regulatory Commission announced. The move is aimed at strengthening "risk management," the official Xinhua...

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